How High Can Silver Price Go This New Week?

Silver has been moving quickly, and last week showed just how sensitive the market is right now.Prices went up mid-week, then dropped a bit and started just moving side to side.

That drop happened after Middle East tension cooled down, so fewer people rushed into silver as safety. But nothing big has changed overall. Factories still need a lot of silver for solar, AI, and tech, and there isn’t enough supply.

A strong U.S. dollar and interest rate pressure are still keeping the price from moving higher. What we are seeing now is not weakness, but a pause. The Silver price is trading around $75.865, sitting right in the middle of a key zone.

What the Silver Chart Is Showing Right Now

We took a look at the 4H chart and silver is no longer in a clean downtrend. After the sharp drop earlier, price found support around the $70 to $72 region and has been slowly pushing higher since then. 

The movement now looks more like a range, with the silver price stabilizing and forming a base. This usually means buyers are slowly coming in, even if the move isn’t strong yet.

The RSI is around 56, which shows momentum is slightly bullish. It’s not overbought, so there’s still space for the price to go higher if buying increases.

At the same time, it is not strong enough to confirm a breakout just yet, which matches the sideways movement we are seeing on the chart.

The MACD is slightly above zero but not moving much. This means there’s no strong move up or down right now. Buyers and sellers are both weak, so the market is just sitting still and moving sideways.

Read Also: Where Could Cardano (ADA) Price Go This Week?

Source: TradingView.com

The silver price remains within the confines of a clearly identifiable range. Prices between $72 and $73 have provided consistent support, whereas prices between $77 and $78 continue to provide consistent resistance. 

Given that the price has been repelled by the resistance level several times, this will be crucial for any bullish continuation.

How High Can Silver Price Go This Week

Should the metal manage to break through the resistance level of $77 to $78, then the next target will likely be at $80.

Should the upward pressure on prices continue, a breakout higher may be achieved.  On the other hand, if price gets rejected again at resistance, we could see another move back toward the $72 area, keeping the market stuck within the current range.

The first level to watch is $77. If the Silver price breaks above it, it could move toward $80, and even reach $83–$85 if momentum continues.

If it fails to go up, price could fall back to $72. If $72 breaks, it may drop further toward $70.

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